Skip to main content

Lionsgate Business Model Success Story

Hollywood Reporter tells the parable of Lions Gate Entertainment -- already boasting one of the most envied business models in the film production and distribution sector, they can claim critical kudos as well as commercial success now that their product has nabbed the year's most esteemed film industry prize.

But even before the evening began, their film already had helped the independent studio make history -- marking its best-ever showing with its six nominations and three wins -- in addition to best picture, it took home prizes for original screenplay and editing. With three Oscars for its feature film "Crash," Lionsgate capped off a remarkable year that proved art and commerce can still co-exist.

Ironically, when the independently produced "Crash" premiered at the Toronto International Film Festival in September 2004, there was scant interest in the Paul Haggis-helmed drama. Clearly, spotting a winning film isn't always easy, particularly if you're part of a legacy industry leadership that's out of touch with its customers, and can't comprehend that thinking-people still crave meaningful stories.

"Surprisingly, no, there wasn't. I'm really not sure of any other interest," Lionsgate Theatrical Films president Tom Ortenberg said. "Our entire acquisitions team saw the very first screening of 'Crash' at the Elgin Theatre in Toronto. We loved it. And we immediately entered into negotiations to buy the movie, which we wrapped up the next day."

From the beginning, Ortenberg said he and the Lionsgate brass believed that the picture would be both a commercial and critical success. But even more important, he was eager to distribute a film that would have something to say about the world in which we live.

Popular posts from this blog

GenAI: A New Era in Business Transformation

The advent of artificial intelligence (AI) has ushered in a new frontier of innovation, with Generative AI (GenAI) at the forefront. At the brink of this revolution, it's crucial to understand the current GenAI adoption and its implications for commerce worldwide. A recent poll conducted by Gartner provides valuable insights into this emerging trend and the potential upside opportunities. Generative AI Market Development The poll, which included 1,419 executive leaders, indicates a significant shift in the corporate world's perception and adoption of GenAI. The data reveals that 45 percent of respondents are currently piloting GenAI, while another 10 percent have put it into production. This is a substantial increase from a similar poll conducted in March and April 2023, where only 15 percent were piloting and 4 percent were in production. GenAI is no longer a mere buzzword; it has become a strategic focus for organizations worldwide. As Frances Karamouzis, VP Analyst at Gartne

GenAI Revolution: The Future of B2B Sales Apps

When B2B buyers consider a purchase they spend just 17 percent of that time meeting with vendors. When they are comparing multiple suppliers‚ time spent with any one salesperson is 5 or 6 percent. Self-directed B2B buyer online research has already changed procurement. IT vendors are less likely to be involved in solution assessment. Now, more disruptive changes are on the horizon. By 2028, 60 percent of B2B seller work will be executed through conversational user interfaces via Generative Artificial Intelligence sales technologies -- that's up from less than 5 percent in 2023, according to Gartner. Generative AI Market Development "Sales operations leaders and their technology teams must prepare for the convergence of new forms of artificial intelligence, dynamic process automation, and reinvented deal-planning activities that will transform the sales function," said Adnan Zijadic, director analyst at Gartner . According to the Gartner assessment, Generative AI (GenAI) s

Industrial and Manufacturing Technology Growth

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and machinery -